Nike Sued Over Tariff Refunds in Class Action Lawsuit; Faces Potential Liabilities
Nike is facing a class action lawsuit claiming it retained US tariff refunds while charging consumers higher prices, potentially exposing the company to multimillion-dollar liabilities and reputational risk. Meanwhile, Nike partnered in Otis College’s May 7 Atelier fundraiser, supporting student mentorships but generating limited direct revenue impact.
1. Class Action Lawsuit Over Tariff Refunds
A class action filed in US District Court alleges Nike received refunds under a US tariff program and failed to pass savings on to consumers, instead maintaining higher retail prices. The suit seeks damages for consumers who purchased footwear and apparel, potentially exposing Nike to substantial financial penalties and reputational harm.
2. Otis College Atelier Fundraiser Partnership
On May 7, Otis College held its fifth annual Atelier scholarship benefit and fashion show, honoring designer Jason Wu with the Creative Visionary Award. Nike served as a mentor partner in the student showcase alongside St. John and Vince, as Otis announced three new scholarships, including the inaugural Mattel Toy Design Scholarship and the first Fashion Trust U.S. grant to Otis students.